FOR SALE
$1,800,000

13 Raymond Street
Melton South VIC 3338

Bedrooms: 9
Bathrooms: 9
Car spaces: 3
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Multiple Income Property with 9 tenants, anticipated rent $166,500 P.A. - 9%

Invest Smart, Live Free with This Multiple-Income Property (MIP)
Co-living is the current trend, and this is your rare chance to secure a brand-new, purpose-built MIP that guarantees strong returns from day one. With a registered valuation of $1,900,000 and rental returns projected at $166,500 per annum, this investment offers an instant capital growth of $100k and an impressive EBITDA of around $130,000.
Property Features:
This meticulously designed property comprises nine high-quality studios, each boasting:
Ensuite: Full private bathroom
Kitchenette: Equipped with modern appliances, including a rangehood
Quality Furnishings: Queen or Double bed, 2-seater couch, and full-size fridge/freezer
Climate Control: Split-cycle air conditioning for year-round comfort
Private Outdoor Area: Synthetic lawn, personal clothesline, and low-maintenance courtyard
Additional Amenities:
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Property Details for 13 Raymond St, Melton South

13 Raymond St, Melton South is a 9 bedroom, 9 bathroom BlockOfUnits with 3 parking spaces. The place is currently for sale with Scott Banks Real Estate Group.

Building Type
BlockOfUnits

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About Melton South 3338

The size of Melton South is approximately 5.4 square kilometres. It has 23 parks covering nearly 11.3% of total area. The population of Melton South in 2011 was 8,916 people. By 2016 the population was 11,516 showing a population growth of 29.2% in the area during that time. The predominant age group in Melton South is 30-39 years. Households in Melton South are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Melton South work in a trades occupation. In 2011, 65.9% of the homes in Melton South were owner-occupied compared with 63.7% in 2016.

Melton South has 7,573 properties. Over the last 5 years, Houses in Melton South have seen a 26.61% increase in median value, while Units have seen a 7.81% increase. As at 31 October 2024:

  • The median value for Houses in Melton South is $496,829 while the median value for Units is $351,985.
  • Houses have a median rent of $420 while Units have a median rent of $370.
There are currently 92 properties listed for sale, and 42 properties listed for rent in Melton south on OnTheHouse. According to CoreLogic's data, 337 properties were sold in the past 12 months in Melton south.

Suburb Insights for Melton South 3338

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Scott Banks
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Scott Banks Real Estate Group
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.